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Capitalism: The Unknown Ideal

Nie Trink Wasser said:
Capitalism: The Unknown Ideal
by Ayn Rand

http://www.amazon.com/exec/obidos/t...f=sr_1_5/002-0826826-7836811?v=glance&s=books



anyone here read this ?

comments ?
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Has the same fundamental problem as Marxism, it assumes that ideal behavior on the part of the human happens in the absense of prompt reward/punishment.

Marxism assumes the absense of reward isn't a problem.
Capitalism assumes that the absense of punishment isn't a problem.

Religion is religion, and both take faith.
 
Re: Re: Capitalism: The Unknown Ideal

jj said:
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Has the same fundamental problem as Marxism, it assumes that ideal behavior on the part of the human happens in the absense of prompt reward/punishment.

Marxism assumes the absense of reward isn't a problem.
Capitalism assumes that the absense of punishment isn't a problem.

Religion is religion, and both take faith.
Click to expand...


have you read the book ?
 
What a coincidence, I just picked it up yesterday. I haven't really gotten to read it though.
 
I read it. If you read it, try to follow up with the more primary sources:

Ludwig von Mieses Human Action
Eugen von Bohm-Bawerk Capital and Interest
Friedrich Hayek The Road to Serfdom

Don't miss David Ricardo Principles of Political Economy and Taxation

Ayn Rand was not an economist. What she says about capitalism should never be swallowed without a heaping teaspoon of salt. I'd almost say that Capitalism is not about Capitalism. It's a series of screeds from the Objectivist and The Ayn Rand Letter.

I know. I used to subscribe to both.
 
Re: Re: Re: Capitalism: The Unknown Ideal

Nie Trink Wasser said:



have you read the book ?
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Unless this is something new uncovered, yes. (Given that she's not with us to be writing more...) I devoured most of her stuff a long time ago, but couldn't choke it down. Her whole idea of selfishness just has so many holes the way she's written it.

And consider, the whole premise of Atlas is that nobody needs to be garbageman.

Yes, I surely do agree that she didn't put it that way.

Unless she changed her tune and I never heard about it, my criticism is, I suggest, dead on the mark.

(edited to add, having read the Amazon listing, yes, I did read it a long time ago, also, I'm not sure what makes me twitch more, some of the fuzzy thinking in the pro-book or some of the stunningly illicit logic in the anti-book reviews.)
 
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